Magdrive (Series A)

Funding Details
Awarder
Inbox
Date Award
May 18, 2025
Vertical
Space Technology
Funding URL
View Funding Page
Funding Amount:
$10,500,000

Company Info
Founding Year
2019
Traction
Preparing to demonstrate its first two full-scale Rogue thrusters on orbit in June 2025.
Founders
Mark Stokes, Thomas Clayson
Company Description
Magdrive is a U.K.-based startup that has developed an electric propulsion system for satellites, utilizing solid metal propellant to generate high-energy plasma, achieving high thrust in a smaller form factor compared to existing systems.
Market
Electric Propulsion Systems for Satellites
Location
United Kingdom
Coinvestors
Redalpine, Founders Fund, Balerion, Alumni Ventures, Outsized Ventures, 7percent Ventures, Entrepreneur First

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